Investing.com - Valeo (PA:VLOF) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Valeo announced earnings per share of €-1.05 on revenue of €4.39B. Analysts polled by Investing.com anticipated EPS of €-1.07 on revenue of €4.47B.
Valeo shares are down 16% from the beginning of the year, still down 29.36% from its 52 week high of €37.02 set on November 26, 2019. They are outperforming the STOXX 600 which is down 17.61% from the start of the year.
Valeo follows other major Capital Goods sector earnings this month
Valeo's report follows an earnings missed by Kaufman Et Broad on October 2, who reported EPS of €0.38 on revenue of €272.42M, compared to forecasts EPS of €0.4 on revenue of €272.16M.
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